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Question is - does he need to?
by sgt 5y ago
Question is - does he need to?
- imgabe 5y agoWho or what determines what someone needs to earn? How much do you earn? Could you survive if you got paid 15% less? How about 50% less? Well, if you don't need it then, how about we just cut your pay based on what some arbitrary person decides you "need".
- Eji1700 5y agoWell in this case, the board and shareholders.
- imgabe 5y agoThey don't determine how much Cook or anyone needs to earn, they determine how much they are willing to pay to get the CEO they want.
- hulitu 5y ago> Who or what determines what someone needs to earn? As the song says: "Oh Lord, won't you buy me a Mercedes Benz? My friends all drive Porsches, I must make amends"
- refurb 5y agoQuestion is - is it anyone's business what a company pays its CEO beyond those who own it?
- detaro 5y agoShareholder vote surely is "those who own it".
- Hamuko 5y agoYes, it's the shareholders business for they own the company.
- refurb 5y agoThat’s why I said “beyond those who own it?”
- deleted 5y ago[deleted]
- sgt 5y agoI know of one entity whose business it is; the government. They could heavily tax him (or find new ways to do it), or even legislate top allowed compensations. They don't do that now, but it's perfectly within their rights to do so if politics takes a hard left.
- hulitu 5y agoTheoretically, no. But look what a beautiful thread is on HN. Religion has thought mere mortals to be interested in the life of gods.
- bogota 5y agoIs it?
- hulitu 5y agoI don't know about you, or Cook, but where i live, everybody needs. When you don't need they look at you like at an alien. They even teach children in school that there are 2 important things in life: money and power. Back to Apple: if they start to look at 99 Milions $ maybe you shall search for another supplier. Just saying.